PSX · CEMENT · 30 Min
FCCL Bull Pennant forming
Fauji Cement Company Limited · 12 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 63.00
- ▲ 1.53%
- Upper line
- 63.69
- +1.1%
- Lower line
- 62.02
- -1.6%
- ATR
- 0.78
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 30 Min candles · click to enlarge
The breakdown
FCCL is building a bull pennant after a 6.14 rally (7.9x ATR) on the 30-minute chart.
The flag channel runs between 62.02 and 63.69. A 30-minute close above 63.85 signals continuation towards 69.83; a close below 62.02 fails the pattern.
Structure: bullish external, bullish internal (strong low 49.06). Nearest demand OB 56.05 - 56.66.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 63.69 (+1.1%) would be an upside breakout.
- 3 A 30 min close below 62.02 (-1.6%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bull pennant
A bull pennant is a sharp rise followed by a small symmetrical triangle; a break above it usually continues the rise.
- Confirmation
- A close above the pennant.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the pennant.